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20121201
20121231
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to have the debt ceiling bill well. that is a major issue that the people out in america are not even aware of. why isn't the speaker and the republicans bring that up from about? see how many democrats vote to have the president be in control of the debt ceiling. gerri: is it a good idea to give the white house the checkbook? >> it's a very bad idea. what is amazing is that the white house of spending all this money to monterrey's taxes, is also asking for no limit on the national debt. they were planning on raising the debt by 8 trillion over the next decade. there really want to tell us that is not enough and they have to have no limit? this is very bizarre. they have really shown there hand in an odd way. the mast is dropped on where they seem to want to take this. but michael was out in greece. he might tell us what happens when you allow tax increases to chase after spending and you don't have any restraint in all, however works out. gerri: california's just approved a $6 billion tax hike. what can you tell us about our future? >> it is retroactive. active january 1st of 2 dozen
. that is a major issue that the people out in america are not even aware of. why isn't the speaker and the republicans bring that up from about? see how many democrats vote to have the president be in control of the debt ceiling. gerri: is it a good idea to give the white house the checkbook? >> it's a very bad iea. wh is amzing is that the white house of spending all this money to monterrey's taxes, is also asking for no limit on the national debt. they were planning on raising the debt by 8 trillion over the next decade. there really want to tell us that is not eough and they have to have no limit? this is very bizarre. they have really shown there hand in andd way. the mast is dropped on where they seem to want to take this. but michael was out in greece. he might tell us what happens when you allow tax increases to chase after spending and you don't have any restraint in all, however works out. gerri: california's just approved a $6 billion tax hike. what can you tell us about our future? >> it is retroactive. active january 1st of 2 dozen 12. it does not start ne yar. it alrea
are going to do is kill america's entrepreneurial economy. gerri: l's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxati. >> that's right. corporate profits are taxed at the corporate level. and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or engineering degree and you gradua from mit. you want to start a high
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side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, there are very clear and identifiable things. on the ne hand te president could idtify himself as a tax cutter. he could sa -
of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand the president could identify himself as a tax cutter. he could say -- on januar
for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actual some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand the president could identify himself as a
just pll one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard inhis office took with debate. also with us from the weekly standard, stevn haze. welcome. great to have you here. i want to start with the conversation in washington and what t speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it coms to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, therare very clear and identifiable things. on the one hand the president uld identify himself as a tax cutter. he could
may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gai if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand he president could identify himself as a t
just pull one side. heart of america group founder, and member of tobs creation alliance and actual job creators in this ountry who say teir voices not being heard in this fice took with debate. also with us from the weekly standard, steven hze. welcome. great to have you here. i want to start with the conversation in wwashington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes to the fiscl cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand the president could identify himself as a tax cutter. could
have retailers and shoppers spurting? let's ask founder america's research group, president and chief economist. whathappened with retail sales? we were expecting a 3% gain year-to-year, not falling off a cliff. what happened? >> well, i predicted sales would be up about 1.8%. number 150% of consumers, they are only going to shop and buy when there are big bargains. they were going to shop on black friday, wait three days bore christmas, and finally, 74% of consumers will avoid credit cards as much as possible. in doing that, they had to live on their check. gerri: at 1.8%, that is a little bit betterhan what went wrong. >> keep in mind that is store sales numbers. when the consumers did not do credit cards this year,, keep in mind only 75% went christmas shopping for 25% wanted to see 75% off. buthey didn't get it. because of that, they didn't spend a dollar. gerri: certainly not everyone did it. jason, consumer confidence is at a five-month low. it's pretty dramatic. yet the commerce department said that consumer spending has been up. what gives? what is the real story among consume
of america group founder, and meer of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to sart with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because thereis no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do y say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actuly some pretty strong incentives for the president to take the country over the fiscal cliff. if you lo at what the president's stance to gain if the country goes over the fiscal cliff, here are very clear and identifiable things. on the one hand the president could idenfy himself as a tax cutter. he could say -- on january 1st the presi
that is bad. and let me just say, this is not a matter of been counting. this goes to the ability of america to sustain the international order that our economy rests on. you're not going to have sustained prosperity in the united states if the united states can provide whatever minimal order there is in the world today. that's the direction we're heading in. gerri: what's going to happen as a practical matter, laos, people, a machine. what will get cut? >> if the sequestration goes through over the long term, obviously the worst thing that will happen will be our inability to procure the sophisticated and expensive weapons system that we need. in the short term on sure there will try personnel layoffs to mitigate the effect of it, but it is unpleasant either way. people say these expensive weapons systems from a you don't need them. let me be very clear. i don't want the united states to ever be in a fair fight with anybody. i would much rather spend on advanced weapons systems to protect against american casualties. the point here is if america is not perceived as strong, the risk of milit
in tax hikes hit america's wallets. that isn't yours and mine. congress is out for held for a long weekend. john boehner skipping town. those sourcesay his meeting with the president failed to make any progress to avert the fiscal cliff. even if washington doesn't get its act together, there are steps you can take to lower your tax burden next year. you can empower yourself. in a moment, we are going to get advice from the founder and president of diverse financial consulting. it looks like congress will have no choice but to punt the fical cliff debate until next year. we have a guest from the cato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts the front. i think the sequestration and spending cuts should happen. unfortunately, many of the tax increase if we don't do something about taxes, i think it makes it harder to go back and extend any of the tax cuts next year. so we might find ourselves in the worst of both
$500 billion in tax hikes hit america's wallets. that isn't yours and mine. congress is out for held for a long weekend. john boehner skipping town. those sources say his meeting with the president failed to make any progress to avert the fiscal cliff. even if washingtodoesn't get its act together, there are steps you can take to lower your tax burden next year. you can empower yourself. in a moment, we are going to get advice from the founder and president of diverse financial consulting. it looks like congress will have no choice but to punt the fisca cliff debate until next year. we have a guest from the cato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. should be able to find 100 belden and speing cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfortunately, many of the tax increases, if we don't do something about taxes, i think it makes it harder to go back and extend any of the tax cuts next year. so we might find ourselves in the wor
,000 is not rich in america today. the question will come down to what you get into return? i like to think of it as small claims court. if everyone goes away happy, the deal is probably good. speaker boehner was probably conciliatory. now it is up to the president to come and talk about spending cuts he is willing to make. >> the american people want those now. i think that we are all just ready to say let's do something. we don't care what it is anymore. we just want resolutions. we have a good deal here. a bad deal can be really bad and we will be stuck with it for a long time. >> absolutely. if the deal is bad for america, it is not for everyone. it is bad for the world. the markets are now waiting for a decision to be made. it could be bad for the marketplace. we have to make decisions on entitlement and spending and the real cost of our economic rows. in january, we have to be talking about raising the debt ceiling. the one you said it, spending and is our problem. we have so many obligations that there is no room for error anymore. these obligations need to be part of the process. >>
than $500 billion in tax hikes hit america's wallets. that isn't yours and mine. congress is out for held for a long weekend. john boehner skipping town. those sources say his meeting with the president failed to make any progress to avert the fiscal cliff. even if washington doesn't get its act together, there are steps you can take to lower your tax burden next year. you can empower yourself. in a moment, we are going to get advice from the founder and president of diverse financial consulting. it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from the cato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfortunately, many of the tax increases, if we don't do something about taxes, i think it makes it harder to go back and extend any of the tax cuts next year. so we might find our
a their economy be if it weren't for america? that's right. a lot more to come during this hour. what this tax fairness mean? i will break down th numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. but will it damage your gerri: look, i am no expert on media bias, but the media solving the fiscal cliff. the huffington post reporting that the offer to avert disaster sparks gop outrage. "the new york times", the front page story today that the tax code is less progressive than in 1980. back when ronald reagan was president. let's take a look at federal income tax in this country. these numbers according to the tax foundation. the top 1% pay 37.4%. the top 1% of earners. they pay almost 40%. taking a look at this, the top 5% pay nearly 60%. it doesn't seem quite right. the top 10% -- they pay 71%. federal income taxes, top 10%. picking up almost the entire time. if you wanted to ask her to be more progressive, i don't know, maybe the top 10% pay 90% of taxes. 95%? 100%? i
on everything, but republicans feed into what the media is telling america -- >> wait a minute, i want to understand. you are saying then for pr purposes, they should give into obama on the tax rate. >> not exactly. well, yeah, i guess i am -- >> you're saying obama, who is -- we don't have a revenue problem, ann. >> we lost the election, sean. gerri: what do you think of this? as a strategy, maybe it's the right thing? acknowledge that the american people voted for the president, put him back in office. it's all on you. >> well, it's simple, i think. republicans are cognizant of what the people said. the plan they put out raises revenue on rich people. they are asking for the president to give a response including both tax proposals and the spending proposals that are necessary to make the plan be balanced, and they'll negotiate from there, from the second day after the election, speaker boehner said we hear the american people, they want washington to work, that means compromise, leadership, but, you know, we're not seeing all the pieces yet. gerri: what do you think of the idea of s
's not about rich people. that is a wonderful tradition in america. almost a hundred years ago congress decided and his wisdom that they went to encourage rebel to give more. they stimulate giving by creating a charitable deduction. it works. i will be stop making it work? >> stacey, to you. we also have some facts about what this will actually cost. if there were no churl deductions the cost of cherries would be some 7 billion per year the expectation that annual giving would drop by 36 percent. what would this cause the american society? talk to me about the services, the work that would not get done . >> well, you have to understand that if there is a cap at 28%, you're right, we estimate that could cause a nonprofit organization $7 billion. that is the combined budget of many of our largest national nonprofits. we rely on, our communities rely on every single night for important services. we've reduced the amount of charitable tone -- giving, that is on top of the already existing cuts that have been made and discretionary spending by the federal government and potentially more cuts in spen
of america, bearish on sprint. tell me why. >> bank of america, all of the financials will go up. it is inevitable that yields will rise, bond prices will to drop which improves the margins and helped the banks. ironically it will make a big difference with earnings, and bankamerica has a much of the litigation behind them. in terms of sprint, just simply because sprint, ticker symbol s, has been able to make its acquisition of clear wire and even fix up the balance sheet, owning all this new spectrum, this spectrum does not matter if it's not on mobilizes. plus, we all remember then sprinted nextel merger. bottom line, they all go for verizon or at&t. that natural tendency. they are up against a really big mountain. gerrii you're not happy with that. you have made some stock picks arrest including intercept. goldman, morgan, to finance as yet talked about. apple, up 25%. they have come down here. lots of questions about them, but you are a bull. >> i was a bear when it hit the top there. apple is fundamentally a cheap stock at this price. we see incredible growth of apple itunes
, where wld the chinese and their economy be if it weren't for america? that's right. a lot more to come during this hour. what this tax fairness mean? i will break down the numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. to start using the gas. but will it damage your twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the art of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. read and consider it carefully gerri: look, i am no expert on media bias, but the media solving e fiscal cliff. the huffington post reporting that the offer to avert d
in consumer spending. after all, where would the chinese and their economy e if it weren't for america? that's right. a lot more to come during this hour. what this tax fairness mean? i will break down the numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. to start using the gas. but will it damage your can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. [ male announcer ] lease a 2013 e350 for $579 a month i have obligations. cute tobl
industry is the most favored in america wis subsidies and mandates hang getting subsidies under the national wildlife flawed no bearing more money at the offshore sector that would give expensive. tracy: the floating when the bill is out on the water somewhere slowly bringing power back? >> the important thing to realize what is the cost of electricity that may be generated offshore? look at the data it is clear. the cost of offshore wind is 2.5 times from the onshore wind turbine and five times as natural-gas. it will be extremely expensive if it is built. tracy: more money and not as much energy as we thought. what is the rationale? [laughter] part of the obama administration push all of the above strategy does not matter if it works. we should have a diverse portfolio for those that are viable. the view is not winter solar but in the shale revolution the subsidies are 10 times greater. why do we neglect oil and gas? full-court press to get extended and and now the subsidize more than 20 years and then they could produce on their own without some cities thank you for being her
in the market. you were bullish on bank of america, bearish on sprint. tell me why. >> bank of america, all of the financials will go up. it is inevitable that yields will rise, bond prices will to drop which improves the margins and helped the banks. ironically it will make a big difference with earnings, and bankamerica has a much of t litigation behind them. in terms of sprint, just simply because sprint, ticker symbol s, has been able to make its acquisition of clear wire and even fix up the balance sheet, owning all this new spectrum, this spectrum does not matter if it's not on mobilizes. plus, we all remember then sprinted nextel merger. bottom line, they all go for verizon or at&t. that natural tendency. they are up against a really big mountain. gerrii you're not happy with that. you have made some stock picks arrest including intercept. goldman, morgan, to finance as yet talked about. apple, up 25%. they have come down here. lots of questions about them, but you are a bull. >> i was a bear when it hit the top there. apple is fundamentally a cheap stock at this price. we see incred
"which is america has this inevitable way of doing the right thing. how this we will do something right. gerri: very good point. thank you so much. thank you for coming on tonight. appreciate your time. have a great holiday. still to come, reaction to the takeover of the nyse, and a huge highest involving one of the world's most valuable commodities, how this sticky bandits almost got away with it. ♪ gerri: the case of the missing maple syrup is solved. thieves foiled in their efforts. pancake fans rejoice in 60 seconds. gerri: the current processes system cornering a market is considered a high-stakes drive. in canada it's a pancake crime. the story you're about to years through. this week police in quebec arrested three men in connection with a brazen highest at the province's most prized product, high-grade maple syrup. that's right. the simple bottle of maple syrup that by the grocery store is not just a sugar high but part of a highly lucrative yet little notice commodities market that canadians dominated by opec domination of the world oil markets. monopolizing the maple syrup m
? could post holiday discounts have retailers and shoppers spurting? let's ask founder of america's research group, president and chief economist. what happened with retail sales? we were expecting a 3% gain year-to-year, not falling off a cliff. what happened? >> well, i predicted sales would be up about 1.8%. number 150% of consumers, they are only going to shop and buy when there are big bargains. they were going to shop on black friday, wait three days before christmas, and finally, 74% of consumers will avoid credit cards as much as possible. in doing that, they had to live on their check. gerri: at 1.8%, that is a little bit better than what went wrong. >> keep in mind that is store sales numbers. when the consumers did not do credit cards this year,, keep in mind only 75% went christmas shopping for 25% wanted to see 75% off. but they didn't get it. because of that, they didn't spend a dollar. gerri: certainly not everyone did it. jason, consumer confidence is at a five-month low. it's pretty dramatic. yet the commerce department said that consumer spending has been up. wha
and their economy be if it weren't for america? that's right. a lot more to come during this hour. what this tax fairness mean? i will break down the numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. ♪ [ enginene revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. gerri: look, i am no expert on media bias, but the media solving the fiscal cliff. the huffington post reporting that the offer to avert disaster sparks gopoutrage. "the new york times", the front page story today that the tax code is less progressive than in 1980. back when ronald reagan was president. let's take a look at federal income tax in this country. these numbers according to the tax foundation. the top 1% pay 37.4%. the top 1% of earners. they pay almost 40%. taking a look at thi
in america wis subsidies and mandates hang getting subsidies under the national wildlife flawed no bearing more money at the offshore sector that would give expensive. tracy: the floating when the bill is out on the water somewhere slowly bringing power back? >> the important thing to realize what is the cost of electricity that may be generated offshore? look at the data it is clear. the cost of offshore wind is 2.5 times from the onshore wind turbine and five times as natural-gas. it will be extremely expensive if it is built. tracy: more money and not as much energy as we thought. what is the rationale? [laughter] part of the obama administration push all of the above strategy does not matter if it works. we should have a diverse portfolio for those that are viable. the view is not winter solar but in the shale revolution the subsidies are 10 times greater. why we neglect oil and gas? full-court press to get extended and and now the subsidize more than 20 years and then they could produce on their own without some cities thank you for being here. good times on a friday night. - big wee
be if it weren't for america? that's right. a lot more to come during this hour. what this tax fairness mean? i will break down the numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. to start using the gas. but will it damage your you know how painful heartburn can be. for fast, long lastinrelief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. i've got a nice long life ahead. big ans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male aouncer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it
, where would the chinese and their economy be if it weren't for america? that's right. a lot more to come durg this hour. what this tax fairness mean? i will break down the numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. but will it damage your gerri: lok, i am no expert on media bias, but the media solving the fiscal cliff. the huffington post reporting that the offer to avert disaster sparks gop outrage. "the new york times", the front page story today that the tax code is less progressive than in 1980. back when ronald rean was president. let's take a look at federal income tax in this country. these numbers according to the tax foundation. the top 1% pay37.4%. the top 1% of earners. they pay almost 40%. taking a look at is, the top 5% pay nearly 60%. it doesn't seem quite right. the top 10% -- they pay 71%. federal income taxes, top 10%. picking up almost the entire time. if you wanted to ask her tobe more progressive, i don't know, maybe the top 10% pay 90
were bullish on bank of america, bearish on sprint. tell me why. >> bank of america, all of the financials will go up. it is inevitable that yields will rise, bond prices will to drop which improves the margins and helped the anks. ironically it will make a big difference with earnings, and bankamerica has a much of the litigation behind them. in terms of sprint, just simply because sprint, ticker symbol s, has been able to make its acquisition of clear wire and even fix up the balance seet, owning all ths new spectrum, this spectrum oes not matter if it's not on mobilizes. plus, we all remember then sprinted nextel merger. bottom line, they all go for verizon or at&t. that natural tendency. they are up against a really big mountain. gerrii you're not happy with that. you have made some stock picks arrest iluding intercept. goldman, mrgan to finance as yet talked about. apple, up 25%. they have come down here. lots of questions about them, but you are a bull. >> i was a bear when it hit the top there. apple is fuamentally a cheap stock at this price. we see incredible gro
of every market in america. only one third is still depressed, two-thirds are going up and some havendnu had record numbers. gerri: if you are looking right now, where would you look? >> the opportunity if you want to get a steal of a deal in ord descending order it a house in the northeast because anybody with a house on the market hasn't soldou it is really going to discount their house right now. an gerri: and sandy is a big issues >> sandy is a big issue, but a great time to buy right now. timeshares are still languishing. you can get it on $0.30 per dollar. t gerri: that is greathe advice. what else can you give, what advice they give to people who may be trying to get rid of the house right now, trying to unload a house, maybe they lost a lot of value in the property. >> it is no fun to have to adjust to the idea you're going to get less money, but what is great is you have another 30%yes increase in buyers out there. one third fewer homes for sale, so less competition and more people who want themth. you also have buyers are believing the best part of the market might be gone, and
market in america. only one third is still depressed, two-thirds are going up and some havendnu had record numbers. gerri: if you are looking right now, where would you look? >> the opportunity if you want to get a steal of a deal in ord descending order it a house in the northeast because anybody with aouse on the market hasn't soldou it is really going to discount their house right now. an gerri: and sandy is a big issues >> sandy is a big issue, but a great time to buy right now. timeshares are still languishing. you can get it on $0.30 per dollar. t gerri: that is greathe advice. what el can you give, what advice they give to people who may be trying to get rid of the house right now, trying to unload a house, maybe they lost a lot of value in the property. >> it is no fun to have to adjust to the idea you're going to get less money, but what is great is you have another 30%yes increase in buyers out there. one third fewer homes for sale, so less competition and more people who want themth. you also have buyers are believing the best part of the market might be gone, and that re
market in america. only one third is still depresse two-thirds are going up and some havendnu had record numbers. gerri: if you are looking right now, where would you look? >> the opportunity if you want to get a steal of a deal in ord descending order it a house in the northeast because anybody with a house on the market hasn't soldou it is really going to discount their house right now. an gerri: and sandy is a big issues >> sandy is a big issue, but a great time to buy right now. timeshares are still languishing. you can get it on $0.30 per dollar. t gerri: that is greathe advicice. what else can you give, what advice they give to people who may be trying to get rid of the house right now, trying to unload a house, maybe they lost a lot of value in the property. >> it is no fun to have to adjust to the idea you're going to get less money, but what is great is you have another 30%yes increase in buyers out there. one third fewer homes for sale, so less competition and more people who want themth. you also have buyers are believing the best part of the market might be gone, and that rea
and they have been educated in america and we're trying to give them a legal status that doesn't allow am fear of deportation. allows them go to college or go to school and stay here if they want to. if they want to become citizens, they can apply and get in line and abide by the law as it is today. we don't change the law. we don't prohibit them. but we don't give them the cut in line before the people who have it withed for years to get that green card or citizenship. gerri: i want to switch gears here a little bit. you wrote a op-ed, calling on washington, calling on congress and the president not to raise taxes on small business operators. what do you fear and what would you like to see happen? >> i think we're going to just wreck this very fragile economy if we raise taxes on the people who are creating jobs. they want to create jobs. we need to give the people in small business a stability, and a predictability. they need to know what to expect and all the president talks about is more taxes and more taxes and more taxes. and, on top of health care, that's why we have not gotten really a
rich people. that is wonderful tradition in america. almost a hundredears ag congress decided and his wisdom that they went t encourage rebeto give more. they stimulae iving by creating acharitable deduction. it works. i will be stop making it work? >> stacey, to ou. we also have some facts about what this will acally cost. if there were no churl ductions the cost of chries would be some 7 billion per year the expectation that annual giving would drop by 36 percent. what would tis cause the american society? talk to me about the services, the work that would not get done . well, you have to nderstand that if there is a cap at 28%, you're right, we estimate that could cause a nonprofit organization $7 billion. that is the combined budget of many of our largest natinal nonprofits. we rely on, our commnities rly on ery single night for important services. we've reduced the amount of charitable tone -- giving, tht is on toof the alredy existing cuts thatave been made and discretionary spending by the federal governmt and potentially more cuts in spending that elected to ome. you're talkin
% of america don't think w will reach a deal. where do you feel about this right now? >> it is difficult to predict at this point. i don't think anyby wan wants to go off a cliff except the president. he might n only allow it to go there, but perhaps push off has manifested last week by the decision t dop kick john boehner's offer. the tentative proposal befor reviewing it. witheven offing a counter proposal. it is difficult to predict at is poi. we don't want that to happen americans don't deserve to have that. acacy: it seems to me the conversation from senate democrats and house republicans. the senate republicans seem to be getting lost in the shuffle here. >> certaininly isn't an ideal methodf developing pollcy behind closed doors with a few pele involved,t is troubling to a lot of my cstnts. tracy: what do you think about what republican senator said yesterda actuallyave a sound bite we should take a listen. saying taxes should up. take lsten. tracy: a lot of people are putting forth a theory i think it has merit where you give the president e 2% increase he is talking about on th
in america. they're all republicans. gerri: it is really fascinating. this to say about the selection. >> while i get this minority female, that is at everybody wants to talk about, i want to remind everybody h earned this for the person he is, he earned proven and he will continue to earn it for the leadershileadershi p that he showed. gerri: what do you think of the street credit? speak of the fact he is an articulate and forceful proponent of small government conservatism and an avatar of the tea party movement itself secondarily is he brings bring some level of diversity. the look of the kind of things about tim scott entered congress, who are the people who really have been looking at, the most likely leaders to emerge from this class? well the first people named from the very beginning. the way he makes the argument. gerri: his background fascining. he was not successful right away. what about that? >> this is a guy who grew up in politics, just a contrast there is notable in and of itself. immediately one of the most confidants of the leadership despite the fact coming from the
of silence observed. a bitter hanukah and chriitmas for america this 2012. >> thank you, james, we will be right back with our continuing coverage of the school tragedy. >> child psychologist joins with a look at what could have been going law the minds of the children who were trapped snowed the school as the massacre unfolded. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $
at bipartisan fashion. with that as for the coleaders in america. they're all republicans. gerri: it is really fascinating. this to say about the selection. >> while i get this minority female, that is what everybody wants to talk about, i want to remind everybody he earned this for the person he is, he earned proven and he will continue to earn it for the leadershileadershi p that he showed. gerri: what do you think of the street credit? speak of the fact he is an articulate and forceful proponent of small government conservatism and an avatar of the tea party movement itself secondarily is he brings bring some level of diversity. the look of the kind of things about tim scott entered congress, who are the people who really have been looking at, the most likely leaders to emerge from this class? well the first people named from the very beginning. the way he makes the argument. gerri: his background is fascinating. he was not successful right away. what about that? >> this is a guy who grew up in politics, just a contrast there is notable in and of itself. immediately one of the most confidan
% to 20% before, so what we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corporate profits are taxed at the corporate level. and they are taxed again at the individual level. with the dividend and catal gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk a little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the cmpetitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or engineering degree and you graduat
% to 20% before, so wt we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corporate profits are taxed at the corporate level. and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do somethg about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that the become bankrupt and to destabilize the whole syystem. gerri: you talk a little bit about competitiveness. let's detail that. low pital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or engineering degree and you graduate
the capital gains ta rate from 40% to 20% before, so what we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corporate profits are taxed at the corporate level. and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gais tax down to 15%. the effect of that was to reddue the incentive for crporations to take on too much debt. if you tax eity too much, corporations take on too much debt. then it's more likely that the become bankrupt and to destabilize the whole system. gerri: you talk a little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or engineerin
the capital gains tax rate from 40% to 20% before, so wt we are going to do is kill america's entrepreneurial ecomy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corporate profits are taxed at the corporate level. and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk a little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or enginee
the capital gains tax rate from 40% to 20% before, so what we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corporate profits are taxed at the corporate level. and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk a little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a scien
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